Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Phemex+0.010%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$670.671% of the position

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.045%+$5 · spread now +0.010%, 7d avg +0.020%

Together, before fees+0.082%+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DOGEUSDT	0.09901	0.0100	pay 0.0100% / 8h	7h 51m	$90.5M	$16.6M	50x
Short	SunX DOGE-USDT	0.09902	0.0100	get 0.0100% / 8h	7h 51m	$34K	$2.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee SunXbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → +0.020%: −$1.01
Slippage, 4 orders: −$47.12
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$68.13
Costs to cover: 0.671%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; SunX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 2 min ago	3.54 bp	12.2 bp −$12	32.9 bp −$329	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	16.54 bp	23.2 bp −$23	31.8 bp −$318	doesn't fit	doesn't fit

DOGE on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_DOGEUSD	−0.0096%	1h	0.09895	−0.057%	$5.5M	$40.8M	50x	as long as short
Bitget DOGEUSDT	−0.0009%	8h	0.09901	0.000%	$140.6M	$347.6M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09897	−0.044%	$222K	$64K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09899	−0.017%	$577K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09887	−0.138%	$35K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.353%	$6K	$242K	12x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0073%	1h	0.09896	−0.050%	$557K	$284K	25x	as long as short
Gate DOGE_USDT	+0.0078%	8h	0.09895	−0.061%	$250.3M	$152.6M	75x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09885	−0.158%	$18K	$386K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09905	+0.037%	$826K	$6.8M	15x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps DOGE-USD	+0.0100%	8h	0.09899	−0.020%	$1K	$545K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09899	−0.025%	$536K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09908	+0.068%	$123.5M	$117.0M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09903	+0.016%	$4.9M	$59.4M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09898	−0.034%	$321K	$506K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09904	+0.027%	$327.5M	$1.72B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09900	−0.010%	$163.8M	$523.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09905	+0.040%	$115.2M	$1.20B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09899	−0.020%	$16K	$306K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09885	−0.162%	$377K	$16K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09901	0.000%	$117.4M	$258.0M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09898	−0.030%	$66.4M	$49.9M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09895	−0.061%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09900	−0.010%	$302K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09879	−0.224%	$1.0M	$8.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09865	−0.360%	$300K	$139.3M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09867	−0.347%	$625K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09860	−0.414%	$141K	$346K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09902	+0.005%	$258K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09895	−0.061%	$71K	$469K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09903	+0.023%	$18K	$7K	10x	as long as short
SunX DOGE-USDTshort	+0.0100%	8h	0.09902	+0.010%	$34K	$2.3M	30x
SoDEX DOGE-USD	+0.0100%	1h	0.09894	−0.071%	$2K	$5.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09899	−0.020%	$5.9M	$69.1M	75x	as long as short
Phemex DOGEUSDTlong	+0.0100%	8h	0.09901	long leg	$90.5M	$16.6M	50x
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09893	−0.086%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09896	−0.055%	$481K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09895	−0.066%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0201%	1h	0.09895	−0.057%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0208%	1h	0.09905	+0.040%	$1.9M	$35.0M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09903	+0.020%	$15.6M	$26.8M	75x	as long as short
01 Exchange DOGEUSD	+0.0240%	1h	0.09909	+0.085%	$441	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0286% / S −0.0375%	1h	0.09895	−0.057%	$412K	—	200x	as long as short
RISEx DOGE/USDC	+0.0717%	1h	0.09910	+0.090%	$399K	$455K	10x	as long as short